Exhibit 99.1  


   


 ![](./agreement_34_files/image00002.jpg)

  


Fly Leasing Reports First Quarter 2021 Financial Results
 
Dublin, Ireland, May 13, 2021 – Fly


 Leasing Limited (NYSE: FLY) (“FLY”), a global leader in aircraft leasing, today announced its financial results for the first quarter of 2021.
 
Highlights
 


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|  | • | Signed merger agreement to be acquired by Carlyle Aviation for $17.05 per share |




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|  | • | Total revenues of $80.9 million |




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|  | • | Net loss of $3.4 million, $0.11 per share |




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|  | • | Unrestricted cash and cash equivalents of $117.2 million |




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|  | • | $157 million net book value of unencumbered assets |